It was discovered by English astronomer John Russell Hind at George Bishop's Observatory in London on 8 November 1853.

The asteroid was named after Euterpe, the Muse of music in Greek mythology.

[23] It had an apparent magnitude of 8.5 during a perihelic opposition on 25 December 2015 when the asteroid was about 1 AU from Earth.

[24] At the end of November 2022 it passed about 1.5 degrees from Uranus while in the constellation of Aries.

27 Euterpe is orbiting the Sun with a period of 3.59 years and is spinning on its axis once every 10.4 hours.